TechFlow News, March 23 — According to CoinDesk, Fidelity Investments has filed an application with the SEC to introduce an "OnChain" share class for its Treasury Digital Fund (FYHXX), which will operate on the Ethereum network, effective May 30.
The tokenized U.S. Treasury market currently stands at $4.77 billion, growing nearly 500% over the past year. BlackRock's BUIDL fund leads the market with nearly $1.5 billion in assets under management. Franklin Templeton, as the first on-chain money market product, has attracted $689 million in assets.
Fidelity currently manages $5.8 trillion in assets and is among the largest issuers of spot Bitcoin and Ethereum ETFs in the U.S., with its FBTC and FETH funds reaching $16.5 billion and $780 million in规模, respectively.
